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  • Hibbett Sports hits a home run in January

    Hibbett Sports is on track to open at least 80 new stores in 2015 as strong holiday sales and early tax refunds gave the retailer a boost in the January quarter.

    The company posted quarterly earnings of $19.9 million, compared to $16.9 million, in the year-ago period. EPS surged to $0.79 from $0.64. Its sales gained 9.9% to $239.3 million. Same store sales rose 5.4% in the quarter.

  • L.L. Bean to open at least 75 stores by 2020

    Freeport, Maine – L.L. Bean Inc. intends to almost triple its store count by 2020. In an internal company memo distributed Wednesday, March 11, L.L. Bean told employees it will open four stores in 2015 and at least 100 by 2020.

    Currently, L.L. Bean operates 26 stores and 10 outlets in the U.S. The retailer does not have any stores west of Colorado, but plans to open new stores in the Pacific Northwest. All new stores will be full-price locations. The memo was signed by CEO Chris McCormack, who plans to retire in 2016.

  • Express to open 30 outlet stores in 2015; division exceeding expectations

    New York -- Express is going full-steam ahead with its outlet-store strategy, with plans to open 30-plus stores in 2015. The retailer ended the year with 41 outlet stores in operation.

    “Together they generated approximately $55 million of incremental revenue, far surpassing our initial estimate,” said Paul Dascoli, senior VP and CFO, Express, on the chain’s quarterly earnings call.    

  • Bon-Ton to focus on expansion, omnichannel

    Bon-Ton plans to refocus the brand, expand omnichannel efforts and open an e-commerce fulfillment center on the heels of a successful fourth quarter.

    The company saw an increase in net income in the fourth quarter of fiscal 2014 to $71.7 million, up 17% from net income of $61.3 million in the same quarter of the previous fiscal year.

  • Brown Shoe’s Q4 profit rises; cautious in outlook

    Clayton, Mo. -- Increased sales at its Famous Footwear division and the sale of its shoes.com online site, helped boost Brown Shoe Company’ profit in the fourth quarter.  

    The retailer reported net earnings of $16.2 million, which included adjustments related to the sale of Shoes.com, compared with $6.2 million in the year-ago period. Adjusted net earnings were $9 million.

    Consolidated net sales in the quarter, ended Jan. 31, totaled $615.4 million, up 2.6% from year-ago period. Same-store sales increased 4%.

  • Famous Footwear lifts Brown Shoe in Q4

    Increased sales at Famous Footwear and the divestiture of its Shoes.com website helped Brown Shoe increase profits in the fourth quarter.

    Brown Shoe Company reported that same store sales increased 4%, while profit was $16.2 million, or 37 cents a share, for the fourth quarter that ended Jan. 31, up from $6.2 million a year earlier. Adjusted earnings totaled $9 million in the quarter, or 20 cents a share, up from $6.2 million a share, or 14 cents a share, a year earlier. Net sales rose 2.6 percent in the quarter to $615.4 million.

  • Ross Stores opening 90 stores in 2015

    Dublin, Calif. -- Ross Stores recently opened 32 Ross Dress for Less stores and five dd’s Discounts locations across 15 different states. The openings are part of the off-price retailer’s 2015 expansion plans to open a total of approximately 90 stores in 2015 (70 Ross and 20 dd’s Discounts).

  • Challenges Remain at West Coast Ports Despite Labor Agreement

    By Hayden Shipp, IBISWorld

    Shippers, carriers, longshoremen, businesses and consumers alike can breathe a sigh of relief in light of the tentative deal the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) reached on Feb. 20.

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